Foreclosures Archives - Page 2 of 3 - The Monica Foster Team

3 Ways Home Equity Can Have a Major Impact on Your Life

February 17, 2021 - General Information

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated [...] Read More

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Monica Foster February 17, 2021

3 Reasons We’re Definitely Not in a Housing Bubble

February 9, 2021 - General Information

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little [...] Read More

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Monica Foster February 9, 2021

What Happens When Homeowners Leave Their Forbearance Plans?

January 27, 2021 - General Information

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s [...] Read More

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Monica Foster January 27, 2021

What Experts Are Saying about the 2021 Job Market

January 21, 2021 - General Information

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of [...] Read More

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Monica Foster January 21, 2021

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

January 13, 2021 - General Information

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are [...] Read More

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Monica Foster January 13, 2021

5 Steps to Follow When Applying for Forbearance

December 14, 2020 - General Information

If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating [...] Read More

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Monica Foster December 14, 2020

Chances of Another Foreclosure Crisis? “About Zero Percent.”

November 18, 2020 - General Information

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a [...] Read More

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Monica Foster November 18, 2020

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

November 5, 2020 - General Information

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, [...] Read More

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Monica Foster November 5, 2020

Why Today’s Options Will Save Homeowners from Foreclosure

October 30, 2020 - General Information

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that [...] Read More

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Monica Foster October 30, 2020

Do You Need to Know More about Forbearance and Mortgage Relief Options?

October 15, 2020 - General Information

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection [...] Read More

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Monica Foster October 15, 2020

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